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Loan Detail

Original Mortgage Amount $350,000.00	Down Payment 20 %	Interest 5 %	Term 25 Years
Down Payment $22,400.00	Monthly Payment (P & I) $1,647.24

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Since Principal and Interest are not the only factors of a loan we should include an estimate for other costs involved with a loan.

• **Less than 20% down payment subject to mortgage Insurance which is not included in this calculation. Please contact us for exact figures.
• An average tax figure for your purchase might be about $10.00 for every $1,000.00 assessed value per year. If the assessed value of your home is 85%, this would make your home's assessed value $190,400.00 and your monthly tax around $158.67
• Homeowners Insurance is another factor of a loan. An average estimate of your monthly insurance could be about $56.00

Amortization Schedule (P & I)

#	Per/Month	Principle	Interest	Balance